Ivanhoe Co$.$ issued for cash a $$98000,3-$year note bearing interest at $10\%$ to Metlock, Inc. The market rate of interest for a note of similar risk is $12\%.$ One step in calculating the cash received from the issuance of the note is to multiply the face value by the table value for

$3$ periods and $12\%$ from the present value of an ordinary annuity table.

$3$ periods and $10\%$ from the present value of $1$ table.

$3$ periods and $10\%$ from the present value of an ordinary annuity table.

$3$ periods and $12\%$ from the present value of $1$ table.